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Found 8 results

  1. Thank you in advance for any advice or pointers to this grateful newbie. I have a few queries how I should take ownership of a property. The property was owned by my late father for 30+ years. The ground floor is a vacant commercial unit with the upper floors forming a maisonette currently occupied by tenants. I have submitted the paperwork to the Land Registry to transfer the property into my mother’s name as probate just been granted. My mother would like to gift the property to me: I need help to consider all the options. 1. I understand this can be held in my name or can
  2. Evening all, I have set up a LTD co with myself as only director and shareholder at the moment as it was easy to do by myself and should satisfy everything from a Lenders perspective looking at my earnings etc. I have no properties purchased through this SPV yet but want to crack on soon. I have a wife and 2 infant children. I would like to eventually pass on on the wealth created to my children when I pass away so my questions are?: whats the best way to do this? can I set them up as shareholders at this early age or wait until they're older? Would it be a
  3. Hi there, I have a good one to get the hive mind thinking. I potentially want to buy a house for my child. This isn't an IHT dodge or anything like that. It's actually just for personal reasons. She's a minor and would live in the house with her mother. In fact, my daughter doesn't even have to own it. She just has to live there with her mother. I'm trying to work out the most cost effective way (in the short / medium term) to make that work. Long term is probably less of an issue because it would be her main residence. I could b
  4. Hi there, I own a property company in London with a mixture of residential & commercial property. I understand that Property companies are not exempt from inheritance tax for my kids. For 30 years I have owned the freehold and for a portion used the commercial sections of the properties for my own business. Now I'm looking to lease the commercial areas. We have 4 residential units and 2 commercial units. We also have a personal property which exceeds £1Million. I have a few questions that id be grateful for your help with. I'd like to con
  5. Hi all, My siblings and I are the only beneficiaries in our father's will and are due to receive various assets including two properties, and a portion of another property. We are assessing our options with how to administer the estate, and have two options: 1. Receive all assets as per the will and be subject to IHT. 2. Step aside as beneficiaries and allow all assets to pass to our mother, meaning no IHT due as they were married. My mother would then gift the assets to us in full. Thinking specifically of the properties, I am hoping that as they are mortga
  6. Louise and her team of property tax specialists have been speaking with a number of clients that are concerned about income tax, given the budget changes, and how they should structure their property business within a family. There are a number of concerns that people ought to be aware of: - Are you keeping your fair share of earned income or is HMRC taking more than what seems reasonable? - Are you protecting your hard earned wealth for future generations, or are your assets under threat from HMRC’s Inheritance Tax or family mis-use?
  7. Do you own assets that will eventually be passed on to your children? Are you worried about inheritance tax? The problem — capital gains tax (CGT) & inheritance tax (IHT) Many parents throughout the UK wish to transfer assets to their children now to avoid inheritance tax (IHT) in the future and we receive many calls from clients and non-clients who have heard about lifetime transfers. Basically, if you transfer assets up to the IHT threshold and survive for seven years after the transfer, then that transfer will not form part of the IHT liability upon your passing. Unfortunately
  8. Do you own assets that will eventually be passed on to your children? Are you worried about inheritance tax? The problem — capital gains tax (CGT) & inheritance tax (IHT)Many parents throughout the UK wish to transfer assets to their children now to avoid inheritance tax (IHT) in the future and we receive many calls from clients and non-clients who have heard about lifetime transfers. Basically, if you transfer assets up to the IHT threshold and survive for seven years after the transfer, then that transfer will not form part of the IHT liability upon your passing. Unfortunately, howeve
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